This section is from the book "The Law Of Contracts", by William Herbert Page. Also available from Amazon: Commercial Contracts: A Practical Guide to Deals, Contracts, Agreements and Promises.
In case where A makes a promise to B, the consideration may (a) consist of a legal right which B gives up to A, and which A acquires from B. This is the most usual and natural form of consideration and is, of course, sufficient.1 A promise by a remainderman to pay a debt of the life tenant is sufficient consideration for a promise by the life tenant to pay interest to the remainder-man.2 A loan by A to B is consideration for B's promise to assume X's debt to A.3
 
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